Is There a Formula for Determining the Amount of a Personal Injury Settlement?
Most people are under the impression that there is a formula used by insurance companies and attorneys to determine how much a personal injury accident settlement should be. The truth is that there is no magic formula. While some insurance companies may have an internal set of criteria that they use to evaluate a personal injury demand, a universal formula does not exist. Many personal injury attorneys will tell you that ultimately the value of a personal injury accident case is what a jury would think the plaintiff deserves for her injuries.
While a magic formula does nor exist, there are ways that an attorney will evaluate a personal injury case. In most states there are two basic categories of damages. States may use different terminology such as